Shiba Inu ($SHIB), $AVAX and $XRP Can Now be Used to Pay at Over 60 Million Merchants Worldwide
Shiba Inu ($SHIB), which is potentially the world’s most popular meme-inspired cryptocurrency, and $XRP, an extremely popular cryptocurrency improving cross-border payments , can now be used as payment methods at over 60 million merchants worldwide.
Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets
Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are not a legal means of payment for goods and services,” said the Thai finance minister.
Tether also confirms its throwing weight behind the post-Merge Ethereum
Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed its support behind Ethereum’s upcoming Merge upgrade and switch to a Proof-of-Stake (PoS) consensus mechanism-based blockchain.
Coinbase posts $1.1B loss in Q2 on 'fast and furious' crypto downturn
Crypto exchange giant Coinbase has cited a "fast and furious" downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.
Iran Places First Official Import Order With Cryptocurrency Worth $10 Million
Iran has placed its first official import order using cryptocurrency worth $10 million, according to a government official. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,” the official added.
German crypto bank Nuri with 500K users files for insolvency
Nuri, a German start-up crypto bank with 500,000 customers filed for insolvency on Aug. 9, citing major crypto sell-offs, insolvency of Celsius and other crypto funds earlier this year as a reason for the move.